in something of a bind taking on too much risk and i fofor one would be very happy when they pull the ug on all of this stuff. absolutely fantastic, appreciate your liz: "money" with melissa francis is next. melissa: i am melissa francis enters what is "money" tonight. crisis management for the fed. they said bernanke never should've opened his mouth this week. with the fed making a financial mess, how to prepare with what is coming next. and surviving the apocalypse in style. california developer opening the world's largest doomsy shelter and resort. where do i make my reservation? man behind it is with our spirit and who lost money to a? so much money it would make john rockefellercry. even when they say t is not, it is always about "money."

♪ melissa: it ithe end of a very tumultuous week on wall strt and its time for some street crisis management for the fed. you are enring the spin zone. ben rnankeetting flight for statements he de aut the possibility of using off the bond buyingrogram coming two days of ththe fed chrman was basically fired on the charlie rose show. i don't know if you saw this, lots of moving pieces but we want to let you know what you have to do to protect yourself in the midst of all of it. weomea to the show. jack, t me start wh you. havehe wheels come off the fed here? it had been quite a week for those guys. >> i don't know what the dissent is abou i was supposed to keep intert rates near zero forever? at this point you are trading off this much improvement in the

economy versus this much distortion of every kind of asset class investors have a choice of. it is ti, isn't it? melissa: that is not really what we're talking about. we're talking bu with the chaos that ensued this week. for ample, let me play the sound bite prident obama basically fired ben bernanke e d charlie rose. we will get both your reactions on the other side. president obama: i think ben bernanke has done an excellent job. he is like fiv bob mueller. he stayed a lot longer thane wantedr he was supposed to. but if he wanted to be reappointed, you would reappoint him? president obama: he has been outstanding partner along with th white house melissa: what? that is nottreally a ringing endorsement. that is like somebody saying how is your husband? that is like somebody saying he has been outstanding partner until now.

>> anybody can be a loose cannon, it is just odd is the president of the unit states? melissa: was tt a loose cannon? >> he is not going to jackson hole, that was a little odd. he has been telegraphing things and a lot of people say he is tired, this has beenxhausting, and this is not what he had in mind when he became chairman of the fed. >> he was looking at his shoes when he said that. melissa: he stayed a lot longer than he was supposed to or wanted to. that is pretty harsh. not surprising ben berranke rocks the boat a little bit. then coming out today saying maybe we will have more accommodation down the road if we need it going against everything ben bernanke said, which is sort o all over the map. where does that leave investors? >> it is unusual t see a press

release like that, it already is a tumultuous time for the market. i don't think there's any kind of financial armageddon. keep in mind the market is double in about four years, treasury rates are up, were two and .5% for the average over the past0 years, so we don't have skyrocketing interest rates. melissa: the whole point is we need these guys. they have done policy we've never seen before in our lives. we need them to dismount in the cleanestay possible to get out it. so far just this week it has been utter chaos. my favorite comment with all of these different things during the week. lawrence mcdonald tweeted i somebody a lot of us follow, on tv, portfolio manager needed

$3.570 trillion-ton hedge fund unlimited, no marked market, key federal reserve. does not inspire confidence? everyby is joking about what is going on. it does tell you don't have a lot of confidence of what is going on. >> it is so much better they are telling us this stuff, we don't want to invest blindly. melissa: they are telling us all different things. ben bernanke says we are getting out, president obama says he is fired, telling us what? >> bernanke started on the 22nd of may giving us the firs inkling there thinng about it, and the comments this week really dealt with the fct that we are creating a plan to taper. this is a very good thing, so much better to have a plan meant to be shooting from the hips. melissa: it means interest rates are going up, my thoht is give anything interest-rate sensive whether it is an adjustable

mortgage or credit carard rates you want to keep an eye on that, maybe it is a great time in real estate to transact. this is probably as good as the rate are going to be. it is the most money that a buyer is going to have. >> buyers may rush d because they have been waiting to see what will happen, now they he a real choice of interest rates go up every point that goes up they lose purchasing power or borrowing power. you can push the real estate market up in the short run. melissa: in the long run it is bad for the real estate market because higher interest rates make i tougher. >> i'm on the fence looking for a little less of the mortgage rate before they buy, that ship has sailed. investors ld onto extra cash because there's a possibility both stocks and bonds are weak t same time. they said rice now inflation is coming down, interest rates are going up, which is a rarity. at that time tech stocks

outperformed, utilitending the e thing right now. a. >> in china and russia signed a $270 billion oil dea deal one of the biggest in history and it will double supplies to china that could reach up at 900,000 barrels per day according to vladimir prudent.ear the 25 year deal makes it the biggest c customer for russian oil. u.s. gasoline demand fell to the 13 your low demand slipped by 3.3% at about d eight point* 7 million barrels per day. stronger u.s. star-ledger largely fuelling will decline posting the biggest today dropping when you're losing four point* 5%$93. selling at $93.69 per barrel. up nextek a face-off only the

power of money could create we will tell you how it isdoes turning personal. the reason the government has gotten so good at spying on you is because it ising approaching top talent from silicon valley. we have details from the nsa scandal. more money coming up.

♪ melissa: the battle between two wall street titans igetting bigger and personal, by the way. michael dell launching a personal pitch to buy out his ubiquitous company, but will it deliver orwell carl icahn when out? is all about the power of money. great to have you both on the show. this is battle of the titans, these are two enormous egos out there, how do you size of the whole think which mark >> i see delwin, icahn losing. >> carl icahn can do a lot

of great things but when it comes down to it the shareholder has to decide do we take this and given the markets were there they will probably take the offer of $14 per share. melissa: what do you think? they think that silver lake wins the day. >>th people live rather side s with the guy who started in the dorm room but. >> peace started in his dormmeli room but has driven it into the ground? ceo that is not apple orech samsung should be fired because they all missed ttis parfum revolution everybody screwed up. the whole pc business came on with it is easy to say

fitted is hard to compete compete, why hasn't he done it already, why doesn't he do it while the company is public? >> i agree with you. if you read this, and it doesn't take long, you will be relatively uninspired by what wh michael dell has to say. it is generic, it does not say anything. whether he says anything here or not or if carl icahn is the right person to be a pt of dell, there's only one thing that matters, to shareholders want to accept the price for dell right now? the price of the stock is below th4 >> although it may not be easy. melissa: if you are assa: shareholder, are you? >> we all have it in the mutual-fund but it is not a

growth stock any more. melissa: so give me my $14 and let me all? >> i don't go off on dealt because when the executives pretend it was worth less to buy the stockes but he may take it private. >> i think so. >> would is of value? >> this is still the same goal to beat it is not anot huge growth opportunity but i think there is something there that is more viable to so the current share price.n- melissa:ap what do you think denis?li >> it is possible.

this is the fundamental conflict. so what does the guy at the top of the latter no? >> should i trust him or not not? >> a great company it went private after the ceolly basically forced the offer down its own shareholders throw. so to make of the conflicts inherent in those dynamics but 15% of shares. melissa: but what would bemeth the other reason to take ac? private? >> it is his business it is hard to walk away. it is called the held. not microsoft. there is a certain elemente's you wanted to succeed. melissa: it is vanity or he knows something? >> i think it is still worth

more than it is i think they will all go private. melissa: he knows something that we don't. >> the answer is both. melissa: how can it be both? pick one. >> those to be both motivations. melissa: you are fantastic. coming up the former chief security officer but feels like he dropped off the radar here is why he is working with the nsa and not alone. why a silicon valley is giving how an agreement comecome true for white-collar criminals.here stay right where you are. can you ever have too much money?

♪ melissa: weather is on wall street or main street, here is to make money today. i can start with who made money. larrellison, ceo of oracle, lost so much mey i have to do that one first be at oracle's latest earnings were big disaointme on wall street as a result the shares plunged more than 9% toy. so larry ellison owns 1.1 billion shares of oracle many he lost $3.4 billion today. i had to put that in perspective. he bought the whole island of lanai last year for $300 million. when you lose the equivalent of 11 hawaiian islands today. wow. trying to ke money today, starbucks raising current costly first time in almost two years. average price hike will be about

1%. starbucks blames rising nt and labor cost for the increase and the miami heat championship when proving a ratings gold mineor abc. nearly 1 of you at home watched game seven last night according to nielsen. the second highest rating for an nba game in years. a of the times and congratulaons. so have you been following the melissa: follow weighing youa may wonder how tight the government is with big tech companies like facebook. with a shocking report shows working for the nsa in 2010 and moving them move fromy silicon valley. with a lot of questions and concerns what about these tech employees?s with me now with this development is the managing director, a welcome back to the show.

should we be afraid? this is a guy who was in charge of protecting our own information on facebook and eventually took the knowledgee and went to gongdo work for an agency? >> i think we have to assume that that companies like facebook, of google, sky, they have this information and they will go somewhere maybe to the nsa.meli >> we have to assume it could be and that over to do is spying on us? >> they will claim it is 100 percent lockdown war

online information leaked accidentally or on:the securities software so i cannot say that people will sec only be secure. be there for publicg online consumption. it is beyond that but the don meditated that you don't necessarily see. >> you have to imagine.

>> then they have stated it o is a court order they would have that information freely to protect users and they run under a lot of pressure with sexual predators' lurking on facebook. melissa: when i ask thatd th question in the past white you go from the private sector for l any government agency that they are allowed to do things working for the nsa but not allowed to do with regular life to spy for you cannot do for a private company so with that abilitynows with someone who knows th intimate in and out and you get a very powerful a

government who can spy on us even more than we imagined. your thoughts?. >> definitely. looking and national security or our own security you will see the internet as the next forum whether pro-active for reactive. so for someone to lead from silicon valley with the regulations may be you do go to the nsa or another government agency to getvern that level of freedom to usealen your talents to make yourrk mark. melissa: thank you for coming on the show. i appreciate your time. remember skilling one of the worst acts of corporate pride in the former ceo is now getting out of prison 10g ou years ahead of schedule and we will explain.

a bipartisan group of senators can block military funding for rebels. will we have to spend moredon' if we don't act now? one of the top expert speaks on the numbers. coming up.

♪

melissa: new developments in the case of white-collar felon, former enron ceo has served six and half years of 24 year sentence so far for bringing on the world's largest energy trer. >> it was one of the best in u.s. history. but today his sentence was life by 10 years. now he will be out instead of 17 years from now. so what does this sentence meane >>dish"?h the dish is arthur adella. >> i don't know what the dish is about. >> what is the deal? >> the deal is this. he gets convicted. he gets this huge sentence. >> i mean, he didn't kill anyone. >> but let's double check the math here. he is $60 billion in the enron

stock was rendered worthless.ion $2 billion and that is a lot ofm money going on there. >> yes, it is.peopleot also, a lot of people gotuid, le affected. eives were ruined, lives wer destroyed.at wipes so that wipes out his conviction he appeals only to the supreme u court and the supreme court rules in his favor, saying one m of the convictions against him was improper. they go to the lower court aboum this issue in the bottom line is that they say that he was sentenced to nine years toonoto many.ould for them not to re-appeal, because he could have, the government said, look. tulati >> the guideline calculations, which is the very complicated wan of doing this.

they apply things the wrong way. in federal court, unlike state court, there seems to be a small calculus degree and it is crazy. basically they are going to say, you did this the wrong way.y, c you came about this the wronanga way. there are at least nine years that he had a part of this.ad melissa: so the scuttlebutt all week long has been that the le. sentence is reduced. you see all of this that has been very set. e is this the beginning of a reduction in the sentences? >> literally, sometimes it can affect one person or one family. th unless you would rather -- commits very hard to do this in three minutes, but their these

charges in the federal law.ney it is like a non-jail sentence. and then depending on how much money was stolen or how much tae evasion or is ccme about is when come up with the numbers. w >> they need to prosecute itnd this way, not in that way. hearay have lightened the load.y melissa:d do you think this is fair? of people,fra lot they heard aom lot of retired people. they are saying that i have a ai

half-million half million dollars in the bank. i am 80 years old. melissa: arthur, thank you so much.oke coming o you've been a great guest. >> tppreciate you beingut on yo. >> i know about the dish. li melissa: turning now to the more serious propaganda, all eyes are on the country of syria. chemical weapons were used. frightening images of escalating violence. some lawmakers hereer at home ad trying to block any u.s. funding to armed rebels. an course, we know the story is about a lot more than money. there is an enormous human toll, but our show is called "money",m so we're taking a look at if it will cost us more to get involved now or not.us now as te joining us now is the president of the islamicfo forum for justice.uge huma thank you for being with us. >> me for having me. melissa: we are trying to break

down the humanr toll.oking for humanitarian reasons, you may or may not want to getf involved. but looking at just the dollar part of it. what is the cost of doing nothing at this point in time? >> well, we have 2.5 years knowi what that cost is. it looks like in jordan and cost $3500 per refugee just a house on per year. you're looking at three to been 4 million refugees that have been displaced from syria. melissa: who is paying for that, >> jordan is paying for some of it, but we have paid over a half billion dollars into the regionn and it looks like our money ishe going to be in the what we do pf something militarily or not. do, haso be done it is not only the compassionate

thing to do, offered humanitarian aid, but it has to be done strategically.on israell our ally in the region, israel, will certainly be threatened. melissa: if we do something, soi that is incredibly effective looking at the estimates. no- a no-fly zone in the first 10 days alone would costght? $1.4 billion. it just expands from there. is that right? >> absolutely. yes, libya was a bit cheaper, sd but it looks like syria has a more sophisticated military that would need to be taken out. to e loxperts0,000 per day. but still, i think the cost and a lot of experts have said thats the costs are going to be less. as michael hanlon said, from the brookings institute, two and aev half yearse have proven this war is going nowhere. bu we are winning as far asrmy military militarily. but the attrition continues. it is only how many months or years what will finally fall.rif

if we want to have them be history and help them move towards this, we can see if that will defeat al qaeda. if we want to plweay a role ande not, we have to be on the right rode of history.nowi t melissa: on the right side ofg s history, some argue that it's too late for that. but early on, we have been again fighting against hezbollah and bashar al-assad. when we saw pictures of children being slaughtered, that was the time to get involved. at, d, this point, al qaeda and extremist have gotten involved. and now it has become al qaeda versus hezbollah. neither of those folks are our friends and we should just stay out of it, that is one of the theories that is out there. >> well, that characterizes the opposition about qaeda. just noc the syrian population has become more radicalized and they are

becoming more chaotic and committingth atrocities.o the but that is because we have done nothing. if we come to the site of helping the millions, their onlp tens of thousands and al qaeda.c we will help defeat the ultimate source of the radicalization, sod.h is bashar al-assad. remember that hezbollah, those are my conservative side tow qa believe that doing nothing will allow al qaeda to guide. al qaeda is thriving. has was driving. terror will thrive without our involvement. the question is which side has less problems. melissa: thank you for your your thoughts. we appreciate it.tact

>> these people are having some contact information about the person or a connection to that person. so they are saying 6 million e-mail addresses and telephone numbers were shared.o facebook was also quick to note in a statement that no otherere types of financial information were included in the only people on facebook.facebook, not not developers or advertisers rnd access to this information. melissa: a california developer

is opening the world's largest doomsday shelter. we will have that story a next. we have a guest with they, details. it is all about "money" at the end of the day ♪

♪ melissa: talabout surviving in style. survivor shelter and resort is the largest doomsday shelter out there. for a few thousand dollars you can be safe from numbe impend disast melissa: check out this swank shelter. you can live in your shelter in your very own rv. wow. for up to a year. be big money to be made in this an business. joining him is the founder and f ceo and the owner of this fabulous shelter. thank you for coming on. >> thank you for having me. melissa: perhaps in the middle

of the winter melissa: do people come even ife there is not an disaster? >> anytime you want. you can come anytime you want. yes, it is open 24/7 forever. so you buy your space in the park your rv there. and is a ou're comfortable with.

melissa: now, how much would it cost? i have a husband and two kids. what would you charge me? >> you are the perfect nuclearfi family. it would cost you no extra charge for any of those family members. the only thing that we are sign up so far?he rv itself. melissa: how much money have yo? made? >> well, not enough.00

we have had 25,000 applications the prhe last twico years. the primary problem has been ao cost. people can't afford the other shelters where it is as $50, melissow many people have0 as lock melissa: on the 25,000, how many have lost? >> on this new one? melissa: yes. en ve have a few hundred already signed up. so it's going to happen very quickly. this will accommodate only 1500 rvs or about 5000 people, whichm i like to say is almost one in a million people on earth. wodissa: you are all awaiting canvas. what kind of doomsday disaster would come my way that i would e >> oh, what's a nuclear bombr? went off in washington or l.a.,d and we were going to see an y meltdown. it could happen any day, as you know. but say the earth was grumbling or an asteroid was on the way.

melissa: what would i have enough time to get their? >> you made though it may not la happen. >> it couldve be a false alarm. at lease you have somewhere to go versus the other 7 billion people on the planet.cramb they will be scrambling and you don't want to be part of that fo mass. it will be an effective fortress be one thank you for coming on the show. that is such an interesting idea. i'm interested i to see. there's a there is a lot to be, afraid of these days. thank you for coming on. >> my pleasure, thank you. melissa: here is our moneyy. question of the day.ot of i have a lot of funny responses. someone said thhy'd rather dieas than live in kansas. come on, that was mean. up on

follow me on twitter. check out our links on facebook. d what and all the talk is kim kardashian and kanye west's baby. what did they name it? we will have that coming out.

♪

"spare callht melissa: welcome to spare change.. o both of you for on. joining us on this friday.oing t first we are going to look atifi some birthdays. as if it is not already badhecks enough othat you are in office for your birthday. this birthday card, can you imagine? i mean, come on, you can even sign your name anymore. what would you do if you got this card? you check best wishes, happyamme birthday. get hammered on us, i don't actl know.nd >> this is actually a nicer car than when i received the most my family members for my birthday. [laughter]orse >> didn't have somebody else's name in a?nl

>> a birthday card look like that, for me it might be a little upsetting.st.

>> i'm just waiting for the camouflage.>> about [laughter] melissa: well, there is a s gift.a the big baby news of the week. a but bizarre name.

kim kardashian has chosen the name north for her baby. directn [laughter] >> something isn't right about the economy. i'm trying to be positive, and @%s, it has expanded every quarter going back to 2009.onsit but it is consistently weak growth. the job market has alsooak up al

improved, but not enough to soak up all the new people that are coming into the job market. housing seems to be doing better. in some places, there is another price bubble.ecause but there is swapping 44%, they are either underwater or they the't have enough equity. it is the same number, 44% of people people people that they are worse off economically compared to just one year ago. it is a huge portion that isntry still hurting.gh i even though i don't like what the fed has done, i do not see a the fed making any big changes.s i do not see this fragileofts economy jumping out of this anytime soon. melissa: be sure to watch the

tom sullivan show this weekend. you can catch it at seven and 10:00 p.m. on sunday at 7:00 a.m. andhappy. 7:00 p.m. happy friday, everyone. thank you foroi nijoining us.eel have a great weekend. we will see you back here on monday.